U.Today – U.Today has compiled the three most important news stories from the past day.

A major analyst predicted that XRP will fall below $0.60 again

According to a recent forecast from X user IncomeSharks (more than 500,000 followers), XRP could face a significant price correction and potentially fall below the $0.60 mark. He noted that almost half of the total XRP supply is not in circulation and 38.9 billion tokens are held in escrow. “There is a reason why this space collectively dislikes this token because it is constantly pumping and deflating,” IncomeSharks wrote at the end of his X post. According to Weiss Crypto, factors contributing to XRP’s recent rally include the expected regulatory approval for Ripple’s RLUSD stablecoin and the possible launch of an XRP ETF. While there is a possibility in the community that the XRP price could reach $100, there are some who are skeptical of such an outcome due to the token’s severe downturns in the past. For example, XRP rose to almost $2 in April 2021, but collapsed by almost 75% in just two months.

Old wallet comes back to life with an incredible profit of 10,817%

Yesterday, blockchain tracker Whale Alert spotted an ancient whale resurfacing after 10.9 years of dormancy. The whale made two transfers totaling 50 Bitcoin, transferring 47 BTC to an unknown address and 3 BTC to a wallet designated by the Coinbase (NASDAQ:) exchange. As stated in Whale Alert’s X post, the whale received the funds for just $44,030 back in 2014, when Bitcoin was worth $880.60 each. Today, the lucky address has a stash worth approximately $4,806,870, representing an incredible 10,817% return. At the time of writing, Bitcoin price is $95,754, up 1.87% in the last 24 hours, according to CoinMarketCap. While the rise of dormant BTC whales could put selling pressure on the market, the prevailing enthusiasm supports Bitcoin’s overall growth.

2,020,624,700 SHIB in just one hour – What’s going on?

Data from blockchain wallet tracker Shibburn suggests that an anonymous whale recently burned a significant amount of SHIB tokens in a single transaction. In the last 24 hours, the community was particularly active and was able to sell around 2,022,950,833 SHIB in seven transactions. Of this, an impressive 2,020,624,700 SHIB (worth $59,608) were sent in a single transfer by the anonymous whale to a non-spendable address. According to Shibburn’s report, the burning of 2.022 billion Shiba Inu increased the burning rate to an impressive 3,162.56%. In the comments following Shibburn’s X post about burning 2.020 billion SHIB, users shared that this significant amount of meme coins were burned by @Shibtoshi_SG, the founder of SquidGrow. Interestingly, this person had also burned just over a billion SHIB in a single transaction the previous week.

This article was originally published on U.Today